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Net income up 33% at Ann Taylor
New York City -- Ann Inc., formerly known as Ann Taylor Stores Corp., reported that its second -quarter earnings rose 33% $24.8 million, helped by strong online sales and a jump in revenue at the company's Loft stores. The company raised its full-year sales guidance, saying it is confident despite the challenging consumer environment.
It was the company’s eighth consecutive quarter of double-digit earnings growth
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New president named at True Religion
VERNON, Calif. — True Religion Apparel has announced that Lynne Koplin has been named president of the company effective immediately.
Koplin joined the company in January 2010 as COO. Prior to joining the company, and since July 2005, she was the president women’s division, of Tommy Bahama, a subsidiary of Oxford Industries, and before that worked for a number of apparel and retail companies.